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Is there such a thing as a residential project management/consultant company?
Posted on 4/17/19 at 5:39 pm
Posted on 4/17/19 at 5:39 pm
Basically you work for an owner that wants to self-contract and assist them in contracting directly with subs. You help them get pricing, coordination, etc but your only financial interaction is with the owner and the owner contracts directly with each sub. Fee would be $5,000-$10,000 depending on house size how in-depth the owner wanted you to work as
Does something like this exist legally? Would would the legality be? Would you have to be licensed just like a general contractor?
Does something like this exist legally? Would would the legality be? Would you have to be licensed just like a general contractor?
This post was edited on 4/17/19 at 5:40 pm
10
Posted on 4/17/19 at 6:17 pm to poochie
If the owner deals directly with each sub wtf they need you for
Posted on 4/17/19 at 7:08 pm to poochie
Seems like a legit idea
Posted on 4/17/19 at 7:11 pm to poochie
Owner-Builder Network in Shreveport.
Posted on 4/17/19 at 10:38 pm to poochie
You would be acting as a Project Manager which is a real thing. You would have a contract with the Owner and could handle anything from design phase, pre construction(identity subs, etc like you stated) and construction phase. Definitely exists but normally done on commercial projects.
I would call the Louisiana Contracting board and ask if you need a license for that. I don’t know if there is a specific license but if all the contracts are between the Owner and Subs I don’t think you run afoul of contracting without a license. Double check that obviously.
I would call the Louisiana Contracting board and ask if you need a license for that. I don’t know if there is a specific license but if all the contracts are between the Owner and Subs I don’t think you run afoul of contracting without a license. Double check that obviously.
Posted on 4/18/19 at 6:34 am to poochie
It’s certainly a viable idea, but I don’t know if there’s enough money or business in it to work.
The problem is you are basically going after the people that are too cheap to hire a GC but want/ need a GC. So it would be a HUGE headache for yourself as they would expect the world from you.
The key would be coming up with very very Clear contractual obligations that your customers could accept. I’m just not sure you could do that.
The problem is you are basically going after the people that are too cheap to hire a GC but want/ need a GC. So it would be a HUGE headache for yourself as they would expect the world from you.
The key would be coming up with very very Clear contractual obligations that your customers could accept. I’m just not sure you could do that.
Posted on 4/18/19 at 7:38 am to poochie
Yes. I have friends who do it but I don’t know if anyone in LA. One does it in California and another did it in MS post Katrina.
The California one does like $20mm + houses where the owner is rich and wants it done on time.
I find it hard to break in to the smaller guy - they just don’t want to spend the $ on pm.
It’s the same in industry - the big companies recognize and see the value. The smaller companies usually don’t want to spend the money on cm/pm and don’t. Their guy screws it up big time and they spend way more on delays / change orders and there’s egg on everyone’s face - so they gloss over it to management and nothing changes.
The California one does like $20mm + houses where the owner is rich and wants it done on time.
I find it hard to break in to the smaller guy - they just don’t want to spend the $ on pm.
It’s the same in industry - the big companies recognize and see the value. The smaller companies usually don’t want to spend the money on cm/pm and don’t. Their guy screws it up big time and they spend way more on delays / change orders and there’s egg on everyone’s face - so they gloss over it to management and nothing changes.
Posted on 4/18/19 at 9:16 am to poochie
Posted on 4/18/19 at 9:27 am to poochie
I tried to hire a guy who does that exact thing last year and I couldn’t build a package for him that could compete with the upside he has doing it himself
he reviews the plans, hires the subs, manages the site, and basically does everything a GC would do, except the owner is the GC and thus takes on the risk. He’s making money hand over fist and has a waiting list
he reviews the plans, hires the subs, manages the site, and basically does everything a GC would do, except the owner is the GC and thus takes on the risk. He’s making money hand over fist and has a waiting list
Posted on 4/20/19 at 11:41 am to poochie
I did something similar when I built my home. We used a builder that managed the project but I was the GC on paper. We had plans done and the builder went through the plans and got quotes and allowances on every part of the project. He had subs for everything but I could use my own or get additional quotes if I wanted. He then charged a flat fee to oversee the whole project including scheduling the subs and checking their work etc.
It was obviously more work for us having to meet with some subs and pick everything out we wanted but we definitely saved a good amount of money and had more control of what we wanted. He only does custom homes and does have a contractor license.
It was obviously more work for us having to meet with some subs and pick everything out we wanted but we definitely saved a good amount of money and had more control of what we wanted. He only does custom homes and does have a contractor license.
Posted on 4/21/19 at 3:35 pm to poochie
I represent general contractors who provide this service to residential homeowners. Obviously I don't know the exact details of the work or services you'll be performing or providing, but I've advised my clients in the past that have presented me with similar issues that they need to have a contractors license.
That said, most of them have already been licensed anyway as they are already general contractors. If you already have a solid reputation with various vendors and subcontractors, I think you could provide a valuable service to homeowners in your area.
That said, most of them have already been licensed anyway as they are already general contractors. If you already have a solid reputation with various vendors and subcontractors, I think you could provide a valuable service to homeowners in your area.
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